Assessment 1 – Knowledge Questions

Assessment task description:

This is the first (1) assessment task you must successfully complete to be deemed competent in this unit of competency.

The Knowledge Test is comprised of nine (9) written questions

You must respond to all questions and submit them to your Trainer/Assessor.

You must answer all questions to the required level, e.g. provide an answer within the required word limit, to be deemed satisfactory in this task

You will receive your feedback within two (2) weeks, and you will be notified by your Trainer/Assessor when your results are available.

Instructions for answering the written questions:

Complete a written assessment consisting of a series of questions.

You will be required to answer all the questions correctly.

Do not start answering questions without understanding what is required. Read the questions carefully and critically analyse them for a few seconds; this will help you to identify what information is needed in the answer.

Your answers must demonstrate an understanding and application of the relevant concepts and critical thinking.

Be concise, to the point and write answers within the word-limit given to each question. Do not provide irrelevant information. Remember, quantity is not quality.

You must write your responses in your own words.

Use non-discriminatory language. The language used should not devalue, demean, or exclude individuals or groups based on attributes such as gender, disability, culture, race, religion, sexual preference or age. Gender-inclusive language should be used.

When you quote, paraphrase, summarise or copy information from other sources to write your answers or research your work, always acknowledge the source.

Purpose of the assessment:

This assessment task is designed to help you demonstrate the knowledge which you have acquired during the learning phase of this unit. Ensure that you:

review the advice to students regarding answering knowledge questions in the Business Works Student User Guide

comply with the due date for assessment which your assessor will provide

adhere with your RTO’s submission guidelines

answer all questions completely and correctly

submit work which is original and, where necessary, properly referenced

submit a completed cover sheet with your work

avoid sharing your answers with other students.

Task instructions:

This is an individual assessment.

To ensure your responses are satisfactory, consult a range of learning resources and other information such as handouts, textbooks, learner resources etc.

To be assessed as Satisfactory in this assessment task, all questions must be answered correctly.

Provide your response to each question in the box below.

1.1 Answer the following questions:

Identify at least two project risks for each of the following risk categories: 

Scope risk 

Scheduling risk 

Resource risk 

Technology risk 

 

1.2 Answer the following questions:

Outline three examples of tools or techniques that could be used to identify risks as part of a risk assessment process. 

 

1.3 Answer the following questions:

Outline three sources of information that can be used to gather information on potential risks within the workplace.  

 

1.4 Answer the following questions:

Explain each of the key components of a risk management plan. 

 

1.5 Answer the following questions:

Summarise the purpose of Australia/New Zealand Standard for Risk Management (AS/NZS ISO 31000:2009) and identify the key principles underlying this risk management standard.  

 

1.6 Answer the following questions:

Describe the characteristics, techniques and appropriate applications of both quantitative and qualitative risk analysis. 

 

1.7 Answer the following questions:

Outline the key steps involved in a risk management process.  

 

1.8 Answer the following questions:

Explain five options for controlling risk.  

Answer the following questions:

Complete the table below to provide examples of risk classification and risk context for a variety of industries.  The first row has been completed as an example.

Industry	Risk context examples (at least two each)	Risk classification (Environmental, Geopolitical, Societal, Economic, Technological, Operational, Resource, Security)
Politics	New Labour policies implemented	Societal risks, Economic risks
Industry	Risk context examples (at least two each)	Risk classification (Environmental, Geopolitical, Societal, Economic, Technological, Operational, Resource, Security)
Education
Mining

 

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